National Bank of Canada (NA) PT Raised to C$69.00
National Bank of Canada (TSE:NA) had its price objective raised by TD Securities from C$68.00 to C$69.00 in a report published on Thursday. TD Securities currently has a hold rating on the financial services provider’s stock.
A number of other brokerages have also weighed in on NA. BMO Capital Markets raised their price target on shares of National Bank of Canada from C$61.00 to C$66.00 and gave the company a market perform rating in a report on Monday, December 4th. Royal Bank of Canada raised their price target on shares of National Bank of Canada from C$70.00 to C$71.00 in a report on Wednesday, February 14th. Eight Capital lowered shares of National Bank of Canada from a buy rating to a neutral rating and lifted their target price for the stock from C$66.00 to C$67.00 in a report on Monday, December 4th. CSFB lifted their target price on shares of National Bank of Canada from C$61.00 to C$64.00 in a report on Friday, January 19th. Finally, Scotiabank lifted their target price on shares of National Bank of Canada from C$68.00 to C$69.00 and gave the stock a sector perform rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. National Bank of Canada has an average rating of Hold and an average price target of C$67.50.
Shares of National Bank of Canada (TSE:NA) opened at C$63.29 on Thursday. The firm has a market cap of $21,630.00, a P/E ratio of 11.51 and a beta of 0.87. National Bank of Canada has a fifty-two week low of C$51.41 and a fifty-two week high of C$65.68.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, March 26th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, March 23rd. National Bank of Canada’s dividend payout ratio is presently 41.45%.
In other news, insider Dominique Fagnoule sold 14,200 shares of National Bank of Canada stock in a transaction on Friday, December 8th. The shares were sold at an average price of C$64.20, for a total transaction of C$911,640.00. Also, insider Lisa Swiderski sold 4,000 shares of National Bank of Canada stock in a transaction on Monday, December 18th. The stock was sold at an average price of C$64.14, for a total transaction of C$256,560.00. Insiders have sold a total of 239,772 shares of company stock valued at $15,288,811 in the last ninety days.
National Bank of Canada Company Profile
National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.
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